Is Alamo, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Alamo has remained a Seller's Market.
Housing Prices in Alamo, CA
How much do homes in Alamo, CA cost?
Median Sold Price
$2,631,250
$808/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Alamo was $2,631,250 in June 2024, up 3.2% from last year, and the median price per square foot was $808.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $871.5K | $1.1M | +32.0% |
3 Bedrooms | $1.7M | $1.7M | +1.4% |
4 Bedrooms | $2.4M | $2.6M | +6.9% |
5+ Bedrooms | $3.2M | $2.9M | -6.5% |
Summary: Alamo housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 6.5%.
Housing Supply in Alamo, CA
How many homes are available in Alamo, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
72 | 69 | -4.2% |
Summary: The Alamo real estate market had 69 homes for sale in June 2024, a 4.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 24 | 29 | +20.8% |
5+ Bedrooms | 39 | 31 | -20.5% |
Summary: The Alamo housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 20.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
22 | 16 | -27.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Alamo in June 2024, down by 27.3% month-over-month. Of the 16 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Alamo, CA
How long does it take to sell a home in Alamo, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
13 Days | 22 Days | +64.9% |
Summary: Homes in Alamo had an average of 22 days on market in Jun 2024, up by 64.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 16 homes were sold in Alamo; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.